The impact of applying International Financial Reporting Standards (IFRSs) on audit fees (An exploratory study of the opinions of a sample of Iraqi auditing firms and offices)

Authors

  • Muhannad Abbas Ayyash Al- Iraqia University / The College of Administration and Economic
  • Mahdi Abbas Abadi Al- Iraqia University / The College of Administration and Economic
  • Ahmed Ali Salman Al- Iraqia University / The College of Administration and Economic

DOI:

https://doi.org/10.58564/EASJ/2.4.2023.7

Keywords:

International Accounting Standards, International Financial Reporting Standards (IFRS),, audit fees

Abstract

      The research aims to demonstrate the impact associated with the adoption of the application of "International Financial Reporting Standards (IFRS)" on audit fees, by identifying the theoretical aspects of the concepts associated with each of the international financial reporting standards and audit fees, as well as indicating the extent of the impact of the adoption of "International Financial Reporting Standards (IFRS) IFRS) "in preparing the financial statements of companies to determine audit fees and study some of the factors related to that, and the researchers relied on two factors, the first is the size of the audit office and the second is the size of the company under audit, and in order to achieve the goals sought by the research, the researchers have conducted a field study through A questionnaire form to express the opinions of a sample of a group of Iraqi auditing offices and companies in determining the impact associated with the application of "International Financial Reporting Standards (IFRS)" on auditing fees. The researchers reached a set of conclusions, the most important of which is that "the application of international financial reporting standards" in the preparation of financial statements and related matters led to an increase in the fees of the audit process through a set of procedures and requirements that accompany the process of auditing the financial statements that are used according to the standards. The researchers need to involve auditors and accountants in specialized training courses, as well as their involvement in workshops related to international financial reporting standards and the requirements for their application, as well as the need for audit offices and companies to work to increase the expertise necessary to implement international financial reporting standards in order to overcome any weaknesses that may occur in the reports and information provided. required by international financial reporting standards.

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Published

2023-11-25

How to Cite

Muhannad Abbas Ayyash, Mahdi Abbas Abadi, & Ahmed Ali Salman. (2023). The impact of applying International Financial Reporting Standards (IFRSs) on audit fees (An exploratory study of the opinions of a sample of Iraqi auditing firms and offices). Economic and Administrative Studies Journal , 2(4), 48–63. https://doi.org/10.58564/EASJ/2.4.2023.7

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